The global Positive Displacement Pumps Industry size is expected to reach USD 4.82 billion by 2028 and register a revenue CAGR of 4.7%, according to the latest report by Reports and Data. Increasing exploration and production activities in oil and gas sector and need to enhance oil recovery procedures are key factors driving demand for positive displacement pumps, and this expected to continue to boost market revenue growth over the forecast period. Positive displacement pumps are vital components in the oil gas sector and are often deployed in tri-phase or multi-phase pumping applications.
Increasing oil and natural gas exploration activities, especially in North America, is expected to drive demand for positive displacement pumps over the forecast period. Positive displacement pumps, which transfer a specific volume of fluid for each operation cycle, can be segregated into two main classes; reciprocating and rotary. Positive displacement pumps can efficiently remove air present along the lines of fluid and this has boosted its adoption in the food and beverages industry. Additionally, increasing demand for commercial and industrial positive displacement pumps from power, pharmaceuticals, and chemicals industries is expected to further drive market growth going ahead.
However, complexity of pump design and its maintenance as compared to centrifugal pumps is expected to restrain market growth to a significant extent over the forecast period. Major disadvantage of complex design and valve construction could hamper preference and restrain market growth to a certain extent over the forecast period.
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Top Leaders Operating in the Market are :
Schlumberger Ltd., HERMETIC-Pumpen, Pentair, Baker Hughes, Flowserve, Grundfos, AR North America, KSB, and Sulzer, among others.
Some Key Highlights From the Report:
Positive displacement pumps transport liquids by continuously enclosing a specific volume and moving it automatically across the system. Displacement of fluid is generally done by piston, plunger, diaphragm, gears, or vanes, among others.
Reciprocating pump segment is expected to account for a significant revenue share in global market over the forecast period owing to rising application in various end-use industries such as in water and wastewater treatment, power, oil gas, and food and beverages, among others.
Oil gas segment revenue is expected to expand significantly over the forecast period, attributable to increased use of positive displacement pumps for various processing of oil gas production such as in pumping stations, pipelines, subsea hydraulic systems, gas sweetening, and for other onshore and offshore applications.
Asia Pacific market revenue is expected to expand considerably over the forecast period, attributable to increasing demand for these pumps from various end-use industries such as chemicals, mining, power, and water wastewater. Rapid expansion of power and chemicals industries and rapid urbanization are some other factors supporting regional market revenue growth.
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Revenue growth of the global materials chemicals industry is majorly supported by increasing demand for essential consumer products such as food beverages, personal care hygiene products, and beauty cosmetic products, and rising focus of manufacturers on using sustainable and environment-friendly materials cut down on their carbon footprint. Growing use of chemicals and raw materials in a wide range of industries including agriculture, buildings construction, textiles, automotive, manufacturing, packaging, food beverage, and several others is a major factor driving industry growth. Increasing environmental consciousness among consumers, emergence of technologically advanced materials and chemicals, and surging demand for high-performance specialty chemicals further drive the industry revenue growth during the forecast years.
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Positive Displacement Pumps Industry Segmentation:
Product Outlook
Reciprocating
Rotary
End-use Outlook
Oil Gas
Chemical
Water Treatment
Pharmaceutical
Food Beverages
Regional Analysis Covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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